India's GDP doubled, potentially becoming world's third largest

India's economy has made impressive gains over the last decade. As of 2025, the GDP has risen to $4.3 trillion, marking a remarkable 105% growth rate. The International Monetary Fund (IMF) reports that India is set to surpass Japan's economy, currently at $4.4 trillion, by the end of fiscal year 2025. Currently, India is the fifth largest economy in the world, following the US, China, Germany, and Japan. Projections indicate that India could become the third largest economy by 2027. In comparison, the US and China saw growth rates of 66% and 44% over the same period, while many developed countries had much lower increases. India's journey to its current economic status has been swift. It took the nation 60 years to reach its first $1 trillion GDP in 2007. By 2014, the GDP had doubled to $2 trillion. Even with setbacks during the COVID-19 pandemic, India managed to cross the $3 trillion mark in 2021 and reached $4 trillion just four years later. At its current growth rate, experts believe India could add another trillion dollars to its economy every 1.5 years. This pace puts it on track to reach $10 trillion by 2032. The US currently leads the world with a GDP of $30.3 trillion, followed by China at $19.5 trillion. If India's growth continues, it may close the gap with these economic powers in the coming years.